I have been out of touch with trading futures due to work. My school is starting soon and I will have time again to focus on trading. You might hear from me in the future...
Thursday, September 4, 2008
Friday, April 18, 2008
Oil Hits Record High
Posted by Anything-Goes at Friday, April 18, 2008 2 comments
Thursday, April 17, 2008
s&p strike..
NASDAQ first, market was in a downtrend since 7 or so in the morning.. thought it might break that when things looked bullish from undersold but quickly touched the trend line and starting to fall.. I covered very quickly on first hesitation. Usually that hesitation either gets me out of the move early or gets me out with a minor loss and the market goes on in my favor.
Then traded S&P, market looked to have a bit of mo mo falling from the trend it touched on NASDAQ and made a minor double top as well.. waited until I thought the move was actually going down and then entered... took a tiny bit of heat and the market fell in my direction. I stayed in as long as I could but after the big move down and the retirement on the last bar I felt that it might retrace back and I exited early. As you can see I would've ripped a few more dollars had I stayed in.
Now, one thing missing from the picture today are stops.. and yes I didn't use any. I have been feeling the stop-burn alto lately and they have almost always.. 90% of the time kicked me out of the moves. About 20% of the time I thanked the stops but the rest of the time I have hated myself for using it. Some say that even warren buffet uses stops but does he trade futures. It's wrong of me to preach this but I do have a platform stop-loss in place, once that amount is hit I will be kicked outta the move and go back to stops I think.
I will also be using 1 contract from now on, tried to increase my size but that only decreased my profits. I want to completely learn to make money with one contract before I jump onto another one.
Posted by Anything-Goes at Thursday, April 17, 2008 0 comments
Wednesday, April 16, 2008
Runaway Gap
Posted by Anything-Goes at Wednesday, April 16, 2008 1 comments
Monday, April 14, 2008
Green Day
- +120
- -7
- a little confident, larger downtrend
- overbought and losing momo, entered with a stoploss (blue line)
- will be trading with 1 contract for the next little while
- when the price retraced at the end, the market seemed exhausted so bailed out and market turned around.
- working and testing a few stoploss placements, today turned out to be good but again needs tons more testing
- left right after the trade so couldn't trade further.
Posted by Anything-Goes at Monday, April 14, 2008 0 comments
Thursday, April 10, 2008
Not gettin better...
- 7 comm
not too confident, upward momo was strong
shorted, anticipated a weak down move, turned out to be weaker
overbought and losing steam.. ended up in the right direction
blue squarish line is the movement of stop, still working on it, almost got hit.. right there the trade was a write off... next time itll hit so need to adjust stops.
es, ym and er dont want to break down to bailed out.
Posted by Anything-Goes at Thursday, April 10, 2008 2 comments